Definition of "Chapter 13"

Bambi  Magraw  Elstrom real estate agent

Written by

Bambi Magraw Elstromelite badge icon

EXP Realty

A judicially approved plan in which a persons obligations are paid over three years. It is an arrangement for the repayment of debts which permits a credit user in severe financial straits to pay off credit obligations without declaring bankruptcy. See also bankruptcy; wage-earner plan.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The rent a property commands in a free and open market setting. ...

Structural, storage, and shelving characteristics associated with a warehouse. ...

One who has died with a valid will in effect. ...

An idiomatic expression indicating the desire of an individual to understand new surroundings and all of its nuances including its quality and character. The derivation of the expression ...

Homeowner’s insurance is a kind of property insurance that covers risks commonly encountered by homeowners.There are several kinds of homeowner’s insurance ...

Standard precut lumber sizes for lumber industry needs. The typical sizes are 2 to 5 inches thick by 5 to 12 inches wide. ...

Also called hyperinflation. Very high rate of inflation rate. ...

Party that receives part or all of a construction job to do from the general contractor. ...

Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...

Popular Real Estate Questions